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China Leadshine Technology Co Ltd (002979) Fair Value & Analysis

Industrials · CN · Market cap 16.7B CNY (≈ $2.5B) · ISIN CNE100003SM6

What is China Leadshine Technology Co Ltd really worth?

CL China Leadshine Technology Co Ltd 002979 · SHE
Price¥53.02
Fair Value¥12.47
Upside−76.5%
Quality62/100

A solid business, but trading 325% above our fair value of ¥12.47.

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Strengths

Solidly profitable · 12.0% net margin
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +14.6 %/yr)
!Mixed vs. peers (6/14)
!Moderate moat 55/100
!Weak on dividend: 13 out of 100
Evidence: High Range ¥9.33 – ¥15.62

Fair value as of: Sep 3, 2026

From 26 valuation models · updated yesterday

Share price −6.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥15.62). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥73.27 ¥11.84 Fair Value ¥12.47 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range ¥11.84 – ¥73.27 · fair‑value band ¥9.33 – ¥15.62 · the ¥53.02 price screens above the ¥12.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

China Leadshine Technology Co Ltd (002979) currently trades at ¥53.02, while our model-based Fair Value estimate is ¥12.47, implying the stock looks roughly 325.2% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥18.17 per share, and 0 of the 26 models we run sit above the ¥53.02 price. Bear case: the Asset-Based group reads lowest at ¥3.76, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, China Leadshine Technology Co Ltd generated revenue of 2.0B CNY at a net margin of 12.0%. Revenue grew 34.5% year over year. It earns a return on equity of 14.4%. Net debt stands at 33.2M CNY. Fundamentals as of Sep 3, 2026

Our scenario range runs from ¥9.33 (bear case) to ¥15.62 (bull case); at ¥53.02, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −76%, 002979 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.5232 per share, which is 4.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF ¥10.85 ¥19.79 ¥39.64 76
Growth DCF ¥10.61 ¥20.36 ¥35.52 75
EPV ¥7.87 ¥9.04 ¥10.07 74
All 26 models by family
DCF Models
FCF DCF ¥10.85 ¥19.79 ¥39.64 76
Owner Earnings ¥10.14 ¥19.42 ¥36.92 72
5Y Revenue Exit ¥9.15 ¥16.14 ¥25.98 71
5Y EBITDA Exit ¥10.07 ¥18.17 ¥28.74 73
5Y P/E Exit ¥11.28 ¥20.81 ¥32.28 69
10Y Revenue Exit ¥9.35 ¥16.39 ¥27.98 64
10Y EBITDA Exit ¥10.26 ¥17.93 ¥30.43 66
10Y P/E Exit ¥11.08 ¥19.93 ¥33.58 62
Earnings-Based
Graham-Dodd ¥4.87 ¥27.36 ¥38.00 63
Lynch FV ¥7.66 ¥10.95 ¥14.23 61
PEG = 1.0 ¥7.66 ¥10.95 ¥14.23 57
EPV ¥7.87 ¥9.04 ¥10.07 74
Dividend Discount
Gordon GGM ¥3.14 ¥6.53 ¥10.35 66
DDM Multi-Stage ¥3.14 ¥5.50 ¥6.85 66
Multiples
P/E Multiple ¥11.27 ¥15.03 ¥18.78 63
P/S Multiple ¥8.92 ¥11.90 ¥14.87 58
P/B Multiple ¥9.12 ¥12.16 ¥15.21 55
EV/EBIT ¥11.38 ¥14.91 ¥18.43 66
EV/EBITDA ¥10.25 ¥13.39 ¥16.54 67
EV/Revenue ¥8.31 ¥11.52 ¥14.74 54
Asset-Based
NCAV (Graham) ¥2.80 ¥3.76 ¥5.61 54
Growth DCF
Growth DCF ¥10.61 ¥20.36 ¥35.52 75
Rev-Margin DCF ¥9.15 ¥15.89 ¥25.18 71
Economic Profit
Residual Income ¥5.30 ¥6.39 ¥13.14 72
ROIC Compounder ¥9.04 ¥12.66 ¥17.22 71
Growth Earnings
Growth-Adj P/E ¥11.47 ¥16.39 ¥21.31 67

Widest divergence: DCF Models (¥18.17) versus Asset-Based (¥3.76). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 68.9
P/S ratio 8.28 P/E × margin
EPS (TTM) ¥0.7700 price ÷ EPS = P/E 68.9
Dividend yield 0.6% payout 44.5%
Net margin 12.0% FY2025
Return on equity 14.4% TTM
More key figures
Profitability
Return on assets (EBIT) 10.1% avg 5y
Operating margin 15.1% TTM
Growth
Revenue (TTM) 2.0B CNY TTM
Revenue growth (YoY) +34.5% 3y avg +11.9%
EPS growth (YoY) +27.8%
Balance sheet & cash flow
Free cash flow 226M CNY FY2025
Net debt 33.2M CNY FY2024 · ≈ 0.1 yrs of FCF

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 63 · Market factors (momentum, volatility) 52

Profitability 48
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

China Leadshine Technology Co., Ltd., together with its subsidiaries, provides motion control products and solutions in China and internationally. It operates in three segments: Drive Division, Control Division, and Motor Division.

Full company description

China Leadshine Technology Co., Ltd., together with its subsidiaries, provides motion control products and solutions in China and internationally. It operates in three segments: Drive Division, Control Division, and Motor Division. The company offers fieldbus products comprising EtherCAT, EtherNet/IP, CANopen, and Modbus RTU; integrated stepper motors and closed loops, stepper motors, and integrated server motors; stepper drives; and closed loop stepper motors and stepper drives. It also provides controls, such as remote I/O modules, PLCs, and HMIs; motor, encoder, brake, tuning, and communication cables; power supplies and gearboxes; and technical support services. In addition, the company is involved in trading; software development; venture capital; industrial automation products; robot joint module solutions; and dexterous hand solutions. It serves the CNC machinery and laser, and electronics industries; and the 3C manufacturing equipment, semiconductor equipment, robots, PCB/PCBA manufacturing equipment, logistics equipment, special machine tools, packaging equipment, medical equipment, lithium battery equipment, and photovoltaic equipment industries. The company exports its products. China Leadshine Technology Co., Ltd. was incorporated in 1997 and is headquartered in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Leadshine Technology Co Ltd reported revenue of 1.9B CNY in FY2025 versus 1.2B CNY in FY2021, a compound +11.7%/yr. Reported net income was 225M CNY in FY2025, compounding +0.8%/yr from FY2021.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.9B CNY
Latest YoY
+18.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.6%
Avg. revenue growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.8% (4.2 + 0.6)
Revenue +11.7%/yr
FY21 1.2B CNY
FY22 1.3B CNY
FY23 1.4B CNY
FY24 1.6B CNY
FY25 1.9B CNY
Net income +0.8%/yr
FY21 218M CNY
FY22 220M CNY
FY23 139M CNY
FY24 200M CNY
FY25 225M CNY
Character of growth · EPS growth decomposed (2013-2024) +3.7 % p.a.
Revenue per share +9.3 %

of which total revenue +18.2 % · buybacks/dilution −7.5 %

EBIT margin −3.2 %
Tax rate +0.4 %
Residual (interest, one-offs) −2.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

002979 screens 325% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "China Leadshine Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002979

Peer Group

Electrical Equipment & Parts · 542 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 68.9× · Pricier than 75% of peers
P/B 9.45× · Pricier than 75% of peers
P/S (TTM) 8.30× · Pricier than 75% of peers
P/FCF 11.0× · Pricier than median
EV/EBITDA 56.7× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 56
PAST58 · sector 26
HEALTH96 · sector 97
DIVIDEND13 · sector 23

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 −40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 −64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD −86%
Vertiv Holdings VRT $257.08 $63.13 −75%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW −45%
Prysmian S.p.A PRY €117.10 €84.15 −28%
Legrand SA LR €139.65 €78.82 −44%
Sungrow Power Supply Co 300274 ¥86.40 ¥123.83 +43%
Hubbell Incorporated HUBB $443.31 $285.77 −36%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 −46%

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Frequently asked questions

Is China Leadshine Technology Co Ltd (002979) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of ¥12.47 versus a price of ¥53.02, about −76% upside (overvalued).
What is the fair value of 002979?
Our model-based fair value for China Leadshine Technology Co Ltd is ¥12.47 (as of Sep 3, 2026), built from audited fundamentals. The current price: ¥53.02.
What is the quality score of 002979?
China Leadshine Technology Co Ltd has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of China Leadshine Technology Co Ltd (002979)?
China Leadshine Technology Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 002979?
The net profit margin of China Leadshine Technology Co Ltd is about 12.0%, meaning it keeps roughly 12.0% of revenue as net income. Based on the latest reported figures.
Does China Leadshine Technology Co Ltd pay a dividend?
China Leadshine Technology Co Ltd currently shows a dividend yield of about 0.65% relative to its recent price (as of Sep 3, 2026).
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